Canaccord Genuity Group Inc. (OTCMKTS:CCORF) Sees Significant Increase in Short Interest

Canaccord Genuity Group Inc. (OTCMKTS:CCORF – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 846,500 shares, an increase of 275.2% from the April 30th total of 225,600 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is presently 211.6 days.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on shares of Canaccord Genuity Group from C$11.00 to C$11.50 in a research note on Friday, February 10th.

Canaccord Genuity Group Stock Performance

Shares of CCORF stock remained flat at $7.04 on Friday. 13 shares of the company were exchanged, compared to its average volume of 8,817. The stock’s 50-day simple moving average is $7.64 and its two-hundred day simple moving average is $7.35. Canaccord Genuity Group has a 1 year low of $4.71 and a 1 year high of $8.78.

Canaccord Genuity Group Company Profile

(Get Rating)

Canaccord Genuity Group, Inc operates as a financial services company. It operates through the following segments: Wealth Management and Capital Markets. The Wealth Management segment provides wealth management solutions and brokerage services to individual, investors, private clients, charities and intermediaries.